By FX Empire.com
EUR/CHF rose during the Thursday session as the European Union is supposedly nears a deal with the Greeks. The markets haven’t exactly rallied, but you must remember that the Swiss National Bank is holding this market up at the 1.20 level. This makes this pair a “buy only” pair, and because of this – we can’t sell it. The pair is a buy, but we need to see a pullback before we can do it. The closer we get to the 1.20 level, the more interested we become in owning this pair. However, there is always the possibility of a headline coming across the wires that will push this pair lower. If you are willing to be in the trade for the long-term, this one could be bought however.
EUR/CHF Forecast February 10, 2012, Technical Analysis
Originally posted here
